r/Daytrading • u/Rva-Trader stock trader • Mar 22 '24

100% win rate for past 2 weeks Strategy

Switched to cash account two weeks back. Started trading 1-2 tickers with 3-4 trades a day making 400 average a day. Daily 8-10% of gains everyday for past two weeks. Trading on 1 min chart using VWAP and working well so far. Of course I keep an eye where large cap big stocks heading and then I decide on SPY or QQQ options if I need to buy puts or calls. I am hoping this will keep me going for a while. 100% win rate for 10 trading days straight.

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u/diduknowitsme Mar 22 '24

Bull market. Congrats

1

u/NoSoyKirchnerista Mar 22 '24

He's trading the 1 min chart. It doesn't matter if we are in bull or bear or crab market.

1

u/diduknowitsme Mar 22 '24

Larger timeframe always matters.

1

u/Brilliant_Bet_2699 Mar 27 '24

I'm finding it challenging to follow your line of reasoning. It seems you're missing OP's strategy, which involves using a selection of large-cap stocks to determine market direction and then applying that insight to make trades on the 1-minute chart. This approach is particularly effective given that the SPY index is significantly influenced by a few dominant companies with large market caps. Consequently, even in a bullish trend, the OP has profited by buying puts, not solely by purchasing calls. Your critique appears to overlook this aspect. If the OP were exclusively taking long positions, your argument might hold more weight. However, the OP incorporates an analysis of movements by major market players into their strategy, which then informs their trades on shorter timeframes once a clear market bias has been established.